Oh boy...I can really relate @Michael Ouvrard with your story of being a relatively well-paid but less than wealthy pharmacist PhD...I have a PhD as well and have grown to absolutely hate my college professor job (surly students, constant, long, boring meetings, rude colleagues, too many nights away from wonderful family on useless conference travel, very little money in my bank account at the end of the month!!).

Have you run student housing before? 

I teach my students that if you raise the rents 50% over 2 years (remember they are under market when you buy) and fix the property up, you just about DOUBLE the value of the property (and have nice cash flow).  

I dont know him but one of the teachers at my school mentioned he handled some of his RE transactions. 

So I have this older house, bought as a student rental for my own son and his buddy/roommates, all of whom have lots of electronic devices (computers, laptops, xBoxes, projectors, phone chargers, etc etc).  

As one of my students said, "That's like getting a free house!".

While I don't know much about the specific location of the house on Ainsworth, my wife and I did spend some time walking around Hilltop a few blocks to the east of there.Given the location just a few blocks up the hill from the new(ish) UW Tacoma campus and the low prices we figured it would be a great location for student rentals.  

Dear members, both Dutch and international,If you are looking to invest in rental apartments or student housing, please consider Amsterdam.

I have always thought that Dave Ramsey's strategies are more geared toward personal finance and reducing debt such as credit cards and student loans.

Next, I have my students copy and paste the lowest comparable sales into the comparable analysis sheet.